Fidessa Group Regulatory News (FDSA)

Fidessa group plc Interim Management Statement 28th April 2014 Fidessa group plc (LSE: FDSA), provider of high-performance trading, investmentmanagement and information solutions for the world's financial community, isreleasing its interim management statement for the period from 1st January 2014to date. Fidessa has continued to see improvement in the trading conditions faced by itscustomers across the markets in which it operates, and this is being reflectedin Fidessa's current deal pipeline. As reported with the 2013 results, andconsistent with the duration and depth of the downturn, this improvement issomewhat uneven and means that many customers are still not able to makeinvestment decisions with confidence. As expected, the improvement is graduallyresulting in a reduction in the headwinds being faced, allowing the growthbeing generated through sales of derivative platforms, service-based platformsand regional expansion to flow through into overall revenue growth rather thanbeing masked by the decline in equities. Whilst a positive effect from this isexpected for 2014, Fidessa's recurring revenue model has the effect that someof the impact from customer attrition in 2013 will flow through into 2014, andmeans that modest constant currency growth is expected in 2014. Looking further ahead, Fidessa believes that as stability and opportunityreturn to the markets, the headwind reduction, coupled with further openings asits multi-asset initiative gains momentum, will enable it to return to growthlevels closer to those seen in the past. Fidessa remains excited by thepotential of its service-based offerings across all asset classes and believesthat it will continue to play an important role as the customers focus onefficiency, transparency, compliance and performance. Fidessa continues to have a strong balance sheet with strong reserves, no debt,strong cash generation and substantial levels of recurring revenue. Enquiries: Chris Aspinwall, Chief Executive Edward Bridges/Rebecca FlowerAndy Malpass, Finance Director FTI Consultingwww.fidessa.com Tel: +44 (0) 20 7831 3113Tel: +44 (0) 20 7105 1000Email: eu.info@fidessa.com About Fidessa group Exceptional trading, investment and information solutions for the world'sfinancial community. New technology, new regulation, new challenges: making money in today'sfinancial markets is all about staying ahead of the curve. Having thecapability to spot new trends and act fast turns change into opportunity.That's why 85% of the world's premier financial institutions trust Fidessa toprovide them with their multi-asset trading and investment infrastructure,their market data and analysis, and their decision making and workflowtechnology. It's also why $12 trillion worth of transactions flow across ourglobal network each year. Because we're the market leader, we can also offerunique access to the world's largest and most valuable trading community ofbuy-side and sell-side professionals, from global institutions and investmentbanks to boutique brokers and niche hedge funds. Fidessa is a global business with scale, resilience, ambition and expertise.We've delivered around 25% compound growth since our stock market listing in1997 and we're recognised as the thought leader in our space. We set thebenchmark with our unrivalled set of mission-critical products and servicesand, uniquely, serve both the buy-side and sell-side communities. Ongoinginvestment in our leading-edge, integrated solutions ensures Fidessa remainsthe industry's number one choice.